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Trade crypto seamlessly on digibank.
This Information is provided to readers who are “Accredited Investors” (as defined under the Securities and Futures Act of Singapore).
At a glance
Institutional-Grade Security & Trust
Trade anywhere anytime on digibank*
Consolidated View of Your Crypto Assets in Wealth Management Account
Unlike traditional stock markets, the crypto market doesn’t rest. If you prefer to optimise trading at your own time and own pace, now you can trade cryptocurrencies on your digibank.
Simply put – you have more control over the trade now. Start trading on your digibank app today.
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Features and Benefits
Institutional-Grade Security & Trust
No additional payment transfer fees and third-party processing. Trade crypto in a few taps on your digibank app and have the amount debited directly from your Wealth Management Account.
Consolidated Portfolio View
Get a macro view of your crypto holdings with your other assets on DBS digibank.
Risks of Cryptocurrency Trading
Cryptocurrency trading is highly risky and you can lose your entire investment. Please assess carefully if cryptocurrency trading is suitable for you. Invest only if you understand and can monitor your investment. Please refer to Part J of the DBS Terms and Conditions governing Digital Token Transactions for DBS Treasures Private Client Customers for more specific risk disclosures on trading of digital tokens.
Trading Hours & Services
Anytime, except when Exchange is closed between 7am to 8am daily.
The trading hours and application of the market phase are published by the Exchange and are subjected to changes by the Exchange without prior notice.
Available Cryptocurrencies to Buy and Sell:
Bitcoin Cash (BCH/USD)
Trading Fee: 1% (excluding exchange fee of 0.10%)
Custodian Fee: 0.50% per annum on the market value of the asset.
How to place your crypto trade on digibank app
How to Apply
If you do not have crypto account yet, please contact your Relationship Manager your digibank app
Alternatively, you can submit a contact form here
Frequently Asked Questions
What is DBS DDEx?
DBS Digital Exchange (“DDEx”) offers trading services for various digital assets including security tokens and cryptocurrencies. It is backed by leading Asian financial services group, DBS Bank, which has decades of extensive experience in capital markets and providing secure custodial services.
What are the eligibility criteria to trade cryptocurrencies?
You need to be an “Accredited Investor” (as defined under the Securities and Futures Act of Singapore) and complete an onboarding application. For more details, please contact your Relationship Manager.
Where are the cryptocurrency trades executed?
It will be executed in DBS DDEx.
What are the coins listed on the Exchange?
DBS Digital Exchange currently has FOUR Cryptocurrencies listed, namely, Bitcoin, Bitcoin Cash, Ethereum, and Ripple.
How do I check the market price for cryptocurrencies?
You may check the market prices of Cryptocurrencies on the Digital Payment Token Exchange webpage.
Please take note that the prices of the Cryptocurrencies on the DBS Digital Exchange may differ from other exchanges.
Will DDEx undergo regular system maintenance?
Yes. DDEx will have regular system maintenance.
During DDEx scheduled system maintenance, prices will not be available and there will be no trade execution during this period.
In the event of an unscheduled downtime, prices will not be available and there will be no trade execution during this period. Clients will be notified via digibank.
What are the trading hours for cryptocurrencies on DDEX?
Anytime, except when DDEx is closed between 7am to 8am (SGT) daily.
|Clients can submit new limit orders, cancel or modify (price & quantity) existing orders during this Auction Phase. Orders will not be matched.|
|Trading Session where orders will be matched. Clients can place orders, cancel and modify.|
|DDEx is closed between 7am to 8am (SGT) daily.|
Please take note that Trade Date will change to next day once a trade is placed after 12 midnight SGT.
New orders can be placed when DDEx is closed or during Auction Phase and these orders will be reflected as “Pending” on the Order Status page. When the Exchange moves into the next Trading Session, these orders’ status will change to “Queuing, Partial Filled or Filled”.
For existing Orders, there will be no fills during the Auction phase. Fills, if any, will only be taking place during the Trading Session.
What is the minimum order size, maximum quantity per order and incremental size for trading cryptocurrencies?
Please note the minimum order size, maximum quantity per order and each increment size of respective coin as follows:
|Cryptocurrency||Min Order Size||Max Quantity per Order||Increment|
Notwithstanding the minimal order size, each transaction is subject to a minimal notional amount of USD 500.
What are the supported order types for cryptocurrencies?
We support Day Limit Orders and Good-till-Date (“GTD”) Limit Orders.
- Day Limit Orders: Day Limit Orders will be valid until 0700 hr (SGT) when the current trading session ends.
- GTD Limit Orders: GTD orders will be valid up to 30 days.
If my account only has SGD and no USD, can I trade cryptocurrencies in SGD instead of USD?
No. Currently, you can only trade cryptocurrencies against USD. In view of T+0 Settlement, your account would need to be funded with the necessary USD balance to place a successful trade.
Will cryptocurrencies be eligible to be pledged as collateral?
No. Currently, cryptocurrencies are not eligible to be pledged as collateral.
Will my cryptocurrencies holdings appear in my statement?
Yes, your cryptocurrencies holdings will appear in your statement under the section “FX”, as well as in digibank under the section “Alternatives”.
Does DBS have any house-views on cryptocurrencies?
No. DBS currently has no house-views on cryptocurrency.
Are US Persons allowed to hold or trade cryptocurrencies with DBS?
No. Clients who are US Persons, are not allowed to trade Cryptocurrencies on the DBS Digital Exchange.
This includes the scenario of client who purchased Cryptocurrencies through the DBS Digital Exchange when he was not a US Person, and subsequently became a US Person. In such a scenario, the client can continue to hold onto the Cryptocurrencies, or they may continue to hold the Cryptocurrencies in their account
Disclaimers and Important Notice
Please refer to Part J of the DBS Terms and Conditions governing Digital Token Transactions for DBS Treasures Private Client Customers for more specific risk disclosures on trading of digital tokens.
This information does not constitute or form part of any offer, recommendation, invitation or solicitation to subscribe to or enter into any transaction. It does not have regard to your specific investment objectives, financial situation or particular needs. It is not intended to provide, and should not be relied upon for accounting, legal or tax advice.
Cryptocurrency trading is highly risky and prices can be very volatile. All investments come with risks and you can lose your entire investment. Before you decide to purchase an investment product, you should read all the relevant documents and carefully assess if it is suitable for you. Invest only if you understand and can monitor your investment. Diversify your investments and avoid investing a large portion of your money in a single asset type.
To the extent permitted by law, DBS accepts no liability whatsoever for any direct, indirect or consequential losses or damages arising from or in connection with the use or reliance of this email or its contents. If this information has been distributed by electronic transmission, such as e-mail, then such transmission cannot be guaranteed to be secure or error-free as information could be intercepted, corrupted, lost, destroyed, arrive late or incomplete, or contain viruses.
This information is provided to you as an “Accredited Investor” (defined under the Securities and Futures Act of Singapore and the Securities and Futures (Classes of Investors) Regulations 2018) for your private use only. It is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation, and may not be passed on or disclosed to any person nor copied or reproduced in any manner.
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